US inflation eases in July as petrol prices fall
Image Credit: Pixabay
The annual inflation rate was 8.5% in July, down from June when it surged to 9.1% : Labor Department
Image Credit: Pixabay
Over the past 12 months, the price of groceries in the US has increased by 13.1%
Image Credit: Pixabay
Pandemic shutdowns in China, Ukraine War and other issues have also strained supplies of goods, such as oil and wheat.
Image Credit: Pixabay
This is the largest annual increase since 1979.
Image Credit: Pixabay
Petrol prices down by 7.7% compared to June.
Image Credit: Pixabay
Hotel room costs fell 2.7 per cent.
Image Credit: Pixabay
Used car prices dropped 0.4 per cent.
Image Credit: Pixabay
Prices in the US have been rising sharply since last year
Image Credit: Pixabay
The US central bank has been trying to stabilize prices by raising interest rates since March.
Image Credit: Pixabay